interesting if reject their appeall means what suspend is not good enough LOL whats the next best punishment FINE? i cant see a way bursa can do anything if they fail to submit on time.... the only way is SCIB will face a lot of legal issue or be sued by BURSA thats the next step but bursa just aa mouse and a tool
On behalf of the Board, UOBKH wishes to announce that 56,000,000 Placement Shares issued pursuant to the Private Placement were listed and quoted on the Main Market of Bursa Securities with effect from 9.00 a.m. on Thursday, 14 October 2021.
This PP that was listed on 14 Oct 2021 was issued at 43 cents. The 4th Tranche was to be issued at 43 cents too. Who will buy if mkt price is 29 cents. Obviously got to cancel lah
The counter will be suspended for sure. Bursa already informed that under ruling the audited accounts must be submitted by month end. Karim has said accounts can only be done by end December.
Who said pp does not affect share price. Isn't there more shares with the same earning?
you think company is so generous to cancel 4th tranche of pp. ask yourself who is the person who have to take up the 4th tranche. is it not more of a way out for the pp buyer
Who are the placees? If money has been placed to purchase the pp shares is it fair to refund by reason that the price had gone down? If price. had gone up, they could hv made a killing. Can we retailers not pick up the shares we bought by reason that there is now a better price on sale? Who benefits from this cancellation?
#stockjobber SCIB is so kind hearted to be returning the placement monies and aborted the deal to placees after the share price dropped, lest they would be losing big time given that the placement price had been fixed at 0.43 ! Well done Karem and good deeds will retribute to you in due course, wish you well and surely you would overcome all your issues and triumphs ! 27/10/2021 9:52 PM #
1st Tranche of 10.79m shares was issued at 58.23 cents; 2nd tranche at 56.75 cents and 3rd tranche was issued at 38.39 cent. The 4th tranche (final instalment ) is the one that is cancelled.
Sebak already confirmed doing FRAUD ACCOUNTING come out with all the FAKE Revenue and FAKE profit for the past 6 fakking quarters !! Now suspended already. Those who buy sebak even at cheap price at 30 sen also LOSE everything.
Do not end up like sebak comrades ! Now all crying and some talking in their sleep, talking to themselves and worst some even talking to a tree outside their neighbor house.
to angelo : u misunderstood. Leno not talking to u. Leno is talking to other forumers. Anyway, we would like to thanks angelo for helping others who get stuck to escape from this fraud companies. If u still got some more money to lose, please buy more. Thanks.
Sarawak Con Ikan Bilis Berhad BOH CHOW CCCCCCCCCCC AAAAAAAAAAAAAAAAAAAAA !!
If the tranche 4 of PP shares were successfully subscribed at 43 sen but later the company choose to return the money, then it indicates that there is nothing wrong with the company financials. The issue is only the delay in producing audited account. The delay is fully expected due to change of auditor otherwise no body will buy the shares in the 4 tranches of PP. The previous trances of PP were quite recently completed too with prices varying from 38.39 sen to 58.23 sen compared to the aborted tranche 4 at 43 sen. If these recent issues of shares via PP are successful it indicates nothing wrong with SCIB, unlike SD which have totally different issues with accounting. Mind you these people who had subscribed to these PP are not ordinary bilis. They are normally well informed and have done thorough due diligence prior to putting their money.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Raiz368
1,602 posts
Posted by Raiz368 > 2021-10-28 00:12 | Report Abuse
Lowest will go maybe around 20 cent only and warrant 5 cent then become penny stock...